Excess Parachute Payments

Mazursky Constantine frequently advises our clients in the design, interpretation and application of parachute payment provisions in regard to change in control events. Whether the arrangement provides for straight payments, payments with cut-backs, or payments with gross ups, we can assist our clients in working through the complexities of these provisions.

We focus on minimizing excess parachute payment penalties while coordinating these provisions with the added layer created by Section 409A of the Internal Revenue Code.